Daily Equities Market Update 03-01-2024
Today the Nigerian Equities market closed on a positive note as the benchmark index (NGXASI) went up by 2.04% to 77,537.57 points. Consequently, year to date return climbed up to 3.70%. Notably, all sectors under or coverage closed on a positive note. Gains in BERGER,CORNERST and MULTIVERSE offset Losses in LEARNAFRICA, CHAMPION and CLEANING In […]
Daily Market Update | 02-01-2024
Daily Market Update (Equities) The Nigerian Equities market started 2024 on a positive note as the NGX All Share Index (ASI) grew by 1.63% to 75,990.88 points. Consequently, the market’s year-to-date (YtD) returns settled at 1.63%. The Total Volume increased by 39.93% to 515.81mn units, while Total Value fell by 56.53% to NGN5.57bn. Today, MBENEFIT […]
Weekly Commentary and Stock Recommendation: 27th December – 29th December 2023
Global Economy The US Labor Department made data on initial unemployment claims available over the week. The week before Christmas saw an increase in first unemployment claims, according to the agency, as the once-hot labor market continued to drop. For the week ending December 2023, the number of first applications for unemployment benefits increased by […]
Daily Market Update | 28-12-2023
Daily Market Update (Equities) The Nigerian Equities market closed the day on a positive note as the NGX All Share Index (ASI) rose by 0.99% to 74,502.58 points. Consequently, the market’s year-to-date (YtD) returns settled at 45.37% from 43.94% the previous day. Total Volume decreased by 11.17% to 384.58mn units, while Total Value fell by […]
Daily Market Update | 27-12-2023
Daily Market Update (Equities) The Nigerian Equities market closed the day on a negative note as the NGX All Share Index (ASI) fell by 0.34% to 73,768.64 points. Consequently, the market’s year-to-date (YtD) returns settled at 43.94% from 44.43% on Friday. Total Volume increased by 2.27% to 432.91mn units, while Total Value fell by 21.99% […]
Weekly Commentary and Stock Recommendation: 18th December – 22nd December 2023
Global Economy Earlier this week, the Office of National Statistics (ONS) released UK November 2023 Consumer Price Index (CPI) data. According to the ONS, The CPI rose by 3.9% YoY in November 2023, down from 4.6% YoY in October 2023. On a MoM basis, CPI fell by 0.2% in November 2023 (vs. +0.4% MoM in […]
Daily Market Update | 21-12-2023
Daily Market Update (Equities) The Nigerian Equities market closed the day on a positive note as the NGX All Share Index (ASI) increased by 1.21% to 74,297.71 points. Consequently, the market’s year-to-date (YtD) returns settled at 44.95% from 43.21% yesterday. Total Volume and Value traded increased by 37.19% and 1.54% each to 760.93mn units and […]
Daily Market Update | 20-12-2023
Daily Market Update (Equities) The Nigerian Equities market closed the day on a positive note as the NGX All Share Index (ASI) increased by 1.28% to 73,397.71 points. Consequently, the market’s year-to-date (YtD) returns settled at 43.21% from 41.40% yesterday. This was spurred on by gains in Airtel Africa, Stanbic and Transnational Corp offsetting losses […]
Daily Market Update | 19-12-2023
Daily Market Update (Equities) Today, the Nigerian Equities market closed on a positive note, as the NGX All Share Index (ASI) gained 0.09% to settle at 72,470.10 points. Consequently, the market’s year-to-date (YtD) returns closed at 41.40% (vs. yesterday: 41.27%). This was driven by gains in MTNN, UBA and Access Holdings offsetting losses incurred in […]
Daily Market Update | 18-12-2023
Daily Market Update (Equities) The Nigerian Equities market started the week on a positive note, as the NGX All Share Index (ASI) gained 0.02% to settle at 72,404.91 points. Consequently, the market’s year-to-date (YtD) returns closed at 41.27%. This was driven by gains in Transcorp, Fidelity and UBA offsetting losses incurred in STANBIC, Guaranty Trust […]
